daily back tested figures on 2652 theory of day trading

[ramendra.singh]

hi to all,

based on opening range(09:20 am) nifty futures

high - low 5109 - 5095.65

nifty strong above 5109.74 tgt. 5135.29

nifty weak below 5094.91 tgt. 5069.44

Regards ,
Ramendra Singh

 

[iTrade]

I enclose icicibank chart for two days.

This is as per afl given automatically.

afl used is as given in thread

http://www.traderji.com/day-trading/33259-amibroker-afl-dhiraj-2652-method.html

Thanks

Well, I found some problem with my calculations regarding ICICI bank. So, anyways I have paid for that trade with a loss
So, no trades today[I have put orders still] as I want to recheck my excel sheet. Will post trades for tomorrow.

 

[kgsirasangi]

Well, I found some problem with my calculations regarding ICICI bank. So, anyways I have paid for that trade with a loss
So, no trades today as I want to recheck my excel sheet. Will post trades for tomorrow.

Now, on second thought, I too am having doubts about afl calculations in my chart.
Both of us need to recheck.

Thanks

 

[iTrade]

Now, on second thought, I too am having doubts about afl calculations in my chart.
Both of us need to recheck.

Thanks

Here's the thing. I found problems in calculation with factor3 only (thanks to you buddy). Rest all was ok with me. So the ICICI trade yesterday was not as per 2652 theory. However, my low high values are correct. Your logic about when to go long and short is somehow not correct.Read the original thread again.

Here are todays result. These trades didnt involve factor3 and so these are valid trades. All of them hit stop loss. But thats ok. Not every strategy is perfect every day. Lost 4K today - all real trades.

 

[iTrade]

hi to all,

based on opening range(09:20 am) nifty futures

high - low 5109 - 5095.65

nifty strong above 5109.74 tgt. 5135.29

nifty weak below 5094.91 tgt. 5069.44

Regards ,
Ramendra Singh

Hey..I hope its ok if I put my trades using this strategy in your started thread?
btw, what was the result of your trade today?

 

[ramendra.singh]

hi,

buy triggers and target achieved as per previous posted post.

Regards,
Ramendra Singh:clap:

 

[iTrade]

Todays result - Net profit: Rs.600 [after brokerage deduction]. Today i had set targets at 0.7% (earlier 0.55%) because of yesterdays losses [not attaching images as it is eating my attachment limits]

Date,Stock (Cash market),Action,Entry Price,Target,Stop Loss,Profit/Loss
Mar 11 2010 ,BHARTIARTL,LONG,292.9,295.1,290.1,TARGET HIT
Mar 11 2010 ,ICICIBANK,LONG,922.2,929.1,913.4,TARGET HIT
Mar 11 2010 ,DLF,SHORT,309.2,306.9,312.1,EXIT @ 310.7(30 min before market close)
Mar 11 2010 ,TATAMOTORS,SHORT,769.5,763.7,776.8,EXIT @ 768 (30 min before market close)

 

[iTrade]

Todays trades: Loss of rs.2000 including brokerage


Mar 12 2010 BHARTIARTL LONG 298.5 300.7 295.7 StopLoss Trigerred
Mar 12 2010 DLF LONG 315.1 317.5 312.1 StopLoss Trigerred
Mar 12 2010 ICICIBANK SHORT 931.7 927 941 EXIT @ 936 (30 min before market close)
Mar 12 2010 TATAMOTORS SHORT 766.8 761 774.1 Target Hit
Mar 12 2010 TATASTEEL SHORT 608.4 603.8 614.2 Target Hit

 

[kgsirasangi]

Todays trades: Loss of rs.2000 including brokerage


Mar 12 2010 BHARTIARTL LONG 298.5 300.7 295.7 StopLoss Trigerred
Mar 12 2010 DLF LONG 315.1 317.5 312.1 StopLoss Trigerred
Mar 12 2010 ICICIBANK SHORT 931.7 927 941 EXIT @ 936 (30 min before market close)
Mar 12 2010 TATAMOTORS SHORT 766.8 761 774.1 Target Hit
Mar 12 2010 TATASTEEL SHORT 608.4 603.8 614.2 Target Hit

How do you trade? Do you give orders and leave it to market? Or do you monitor orders to reduce losses?

In this system, although it is good, reaching target is not sure. This makes us worrried.

Thanks.

 

[iTrade]

How do you trade? Do you give orders and leave it to market? Or do you monitor orders to reduce losses?

In this system, although it is good, reaching target is not sure. This makes us worrried.

Thanks.

Well, I place orders and leave it to market. Once an order executes, I cancel other trade and place stop loss.
Regarding your question about not reaching targets, I feel that if markets are going thru volatile periods, targets should be set lower. But again the golden question remains that how do you know if markets are going to be volatile or are going for a long run upside or downside. So better stick to one plan - Dont change orders [thats my intraday learning so far-> stick to the plan/discipline]. Lets see how this goes...this weeks loss is almost rs. 5000 which is very less than the losses i had using my vague random strategies before using 2652...